News Snapshot:
Didi Global, the Chinese taxi-hailing giant already under cybersecurity investigation by Chinese authorities, revealed in its annual report filed on Tuesday that it also faces a probe by the US stock market watchdog about its US$4.4 billion initial public offering (IPO) in New York last summer. The company, parent of Didi Chuxing , said in its annual report that the US Securities and Exchange Commission "contacted us and made inquiries" about its IPO on the New York Stock Exchange. The company did not provide details about the nature of the inquiries. "We are cooperating with the investigation, subject to strict...